APPX vs. LITX

Last updated Aug 2, 2026

APPX (Tradr 2X Long APP Daily ETF) and LITX (Tradr 2X Long LITE Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. APPX charges 1.30%/yr vs 1.49%/yr for LITX.

Performance

APPX vs. LITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) and Tradr 2X Long LITE Daily ETF (LITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APPX

• 1D: -3.99%
• 1M: -45.86%
• 6M: -53.32%
• YTD: -78.81%
• 1Y: -45.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.53%

LITX

• 1D: 5.60%
• 1M: -12.69%
• 6M: 78.91%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APPX Tradr 2X Long APP Daily ETF	$8.26M	$9.43M	$24.29M
LITX Tradr 2X Long LITE Daily ETF	$72.96M	$66.22M	$208.61M

APPX vs. LITX - Yearly Performance Comparison

	2026 (YTD)
APPX Tradr 2X Long APP Daily ETF	-65.08%
LITX Tradr 2X Long LITE Daily ETF	126.81%

Correlation

The correlation between APPX and LITX is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	-0.02

Return for Risk

APPX vs. LITX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

APPX

APPX Risk / Return Rank: 9
APPX Sharpe Ratio Rank: 7
APPX Sortino Ratio Rank: 15
APPX Omega Ratio Rank: 16
APPX Calmar Ratio Rank: 5
APPX Martin Ratio Rank: 5

LITX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

APPX vs. LITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) and Tradr 2X Long LITE Daily ETF (LITX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APPX	LITX	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	—	—
Sortino ratio: Return per unit of downside risk	0.42	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	-0.58	—	—
Martin ratio: Return relative to average drawdown	-0.87	—	—

Drawdowns

APPX vs. LITX - Drawdown Comparison

The maximum APPX drawdown since its inception was -83.74%, which is greater than LITX's maximum drawdown of -73.97%. Use the drawdown chart below to compare losses from any high point for APPX and LITX.

Drawdown Indicators

	APPX	LITX	Difference
Max Drawdown Largest peak-to-trough decline	-83.74%	-73.97%	-9.77%
Max Drawdown (1Y) Largest decline over 1 year	-83.74%	—	—
Current Drawdown Current decline from peak	-83.52%	-63.99%	-19.53%
Average Drawdown Average peak-to-trough decline	-41.83%	-25.05%	-16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.86%	—	—

Volatility

Volatility by Period

	APPX	LITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	125.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	146.10%	198.72%	-52.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.85%	198.72%	-58.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.85%	198.72%	-58.87%

APPX vs. LITX - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is lower than LITX's 1.49% expense ratio.

Dividends

APPX vs. LITX - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 44.27%, while LITX has not paid dividends to shareholders.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	44.27%	9.38%
LITX Tradr 2X Long LITE Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both APPX and LITX in my portfolio?

APPX and LITX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APPX or LITX?

On fees, APPX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APPX or LITX?

APPX is cheaper with a 1.30% expense ratio, compared with 1.49% for LITX.

Which ETF pays a higher dividend yield, APPX or LITX?

APPX has the higher dividend yield at 44.27%, compared with 0.00% for LITX.

What is the main difference between APPX and LITX?

Their fees differ too: 1.30% for APPX and 1.49% for LITX.